Stavro D'Amore
Former FPA Special Consultant
- Messages
- 547
Hello Members,
Before we wrap up the week with our last news trade, I would like to apologise for not being able to be around the forum as much as I liked, as you know due to hackers/scamers trying to stop our community, It has also put limits for me to provide you with the service you require. Anyhow here is the trade plan and lets continue the mission to make PIPS!
US NFP Employment Change
Forecast 95
Previous 103
Pair to trade: EUR/USD and USD/JPY
Triggers we need: BUY -60 EUR/USD
BUY +60 USD/JPY
Economical Impact: High
Typical Result: Forecast is good for the currency
Occurrence: Released monthly, usually on the first Friday after the month ends
About our Triggers:
If the US NFP Employment Change number comes out at +155 or more, the USD/JPY should go up by about 40 pips. We are using a deviation of 60, If the sentiment comes at -35 or less EUR/USD should go up by about 40 pips. We are using -60 to trigger for long.
What is it? Why do we care?
The Nonfarm Payrolls measures the change in the number of employed people during the last month of all non-farming businesses. The total non-farm payroll accounts for approximately 80% of the workers who produce the entire gross domestic product of the United States.
It is the single most important piece of data contained in the employment report, which considered offering the best overview of the economy.
The monthly changes and the revisions in payrolls can be quite volatile.
A higher than expected reading should be taken as positive/bullish for the USD
A lower than expected reading should be taken as negative/bearish for the USD.
Method to trade this:
Stavro D’Amore Trading Method
Pre News
Prior to the news release (20 minutes) I will be looking for a short term LONG position in EUR/USD and I will get out of this trade 2 minute before the actual release earlier. I will look for momentum long indicators.
Spike
Yes. I would recommend spike trading as an option.
After Spike
If your are not spike trading or if you did do a spike trade and your already out, I will look for a 50% retrace in the original spike before entering a trade. I will sell half my position as soon as I hit the original high point of the first initial spike and place a SL at entry price. My TP level would be just before a resistance level or if the chart decides to form a level, looking at a 15 min chart.
Historical Chart and Data for US NFP Employment Change
All the best
Stavro D’Amore
Before we wrap up the week with our last news trade, I would like to apologise for not being able to be around the forum as much as I liked, as you know due to hackers/scamers trying to stop our community, It has also put limits for me to provide you with the service you require. Anyhow here is the trade plan and lets continue the mission to make PIPS!
US NFP Employment Change
Forecast 95
Previous 103
Pair to trade: EUR/USD and USD/JPY
Triggers we need: BUY -60 EUR/USD
BUY +60 USD/JPY
Economical Impact: High
Typical Result: Forecast is good for the currency
Occurrence: Released monthly, usually on the first Friday after the month ends
About our Triggers:
If the US NFP Employment Change number comes out at +155 or more, the USD/JPY should go up by about 40 pips. We are using a deviation of 60, If the sentiment comes at -35 or less EUR/USD should go up by about 40 pips. We are using -60 to trigger for long.
What is it? Why do we care?
The Nonfarm Payrolls measures the change in the number of employed people during the last month of all non-farming businesses. The total non-farm payroll accounts for approximately 80% of the workers who produce the entire gross domestic product of the United States.
It is the single most important piece of data contained in the employment report, which considered offering the best overview of the economy.
The monthly changes and the revisions in payrolls can be quite volatile.
A higher than expected reading should be taken as positive/bullish for the USD
A lower than expected reading should be taken as negative/bearish for the USD.
Method to trade this:
Stavro D’Amore Trading Method
Pre News
Prior to the news release (20 minutes) I will be looking for a short term LONG position in EUR/USD and I will get out of this trade 2 minute before the actual release earlier. I will look for momentum long indicators.
Spike
Yes. I would recommend spike trading as an option.
After Spike
If your are not spike trading or if you did do a spike trade and your already out, I will look for a 50% retrace in the original spike before entering a trade. I will sell half my position as soon as I hit the original high point of the first initial spike and place a SL at entry price. My TP level would be just before a resistance level or if the chart decides to form a level, looking at a 15 min chart.
Historical Chart and Data for US NFP Employment Change
All the best
Stavro D’Amore
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